Sunrise Realty Trust (SUNS) Proxy filing summary

Executive summary

• Board authorized a common-stock repurchase program of up to $20 million through Dec. 31, 2027, effective only upon closing of the proposed merger with Southern Realty Trust Inc.

• After merger closing, management intends to repurchase at least $10 million as soon as practicable; the remaining $10 million is subject to specified pricing and other parameters.

Voting matters and shareholder proposals

• A special meeting of stockholders is being held in connection with the proposed merger; stockholder approvals are among the required closing conditions.

• A definitive merger proxy statement was filed Sept. 18, 2026; related materials are expected to be filed with the SEC.

Board of directors and corporate governance

• The Board authorized the repurchase program on Oct. 12, 2026, with no repurchases permitted before merger closing.